Which version of Melodyne did you recently upgrade to ? (Essential, Editor, Studio . . . version 4 ?)
I personally found it quite annoying that when I upgraded from Melodyne 3 to Melodyne 4 . . . version 3 got totally removed / deleted, and I recall it taking a while to get the new version working right, but once I did it now works flawlessly in all projects.
Is it possible to save the project out, without the Melodyne tracks, renaming it, then cut and paste the Melodyne tracks from the old project back into the new version of the project ? I've done this before to rescue old projects that have some unknown corruption, though I can't say I've specifically cut and pasted bad Melodyne tracks. Just a thought, since there don't seem to be any other forum ideas here so far. I've even had instances where a corrupted master bus from an older project caused troubles, which I could fix by just deleting the master bus, then inserting a new one.
Another thing I might suggest, is downloading / installing the Sonar Platinum demo (I have X2, X3 and Platinum running on the same system, and I don't think they interfere with each other) . . . then try the project out using Platinum version, see if the same troubles exist, this might better point you to if it's a Melodyne version , or Quad Capture issue ?
Just some ideas, hope some of it is helpful.